Short Interest in Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) Drops By 50.6%

Alpha Architect U.S. Quantitative Momentum ETF (NASDAQ:QMOM) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 8,409 shares, a decline of 50.6% from the May 31st total of 17,021 shares. Based on an average trading volume of 41,577 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Alpha Architect U.S. Quantitative Momentum ETF Stock Down 1.3%

QMOM traded down $0.97 on Thursday, hitting $76.38. The company’s stock had a trading volume of 7,403 shares, compared to its average volume of 25,430. The firm has a market cap of $430.02 million, a P/E ratio of 27.79 and a beta of 1.06. The company’s 50 day simple moving average is $78.03 and its 200-day simple moving average is $72.52. Alpha Architect U.S. Quantitative Momentum ETF has a 12 month low of $60.24 and a 12 month high of $81.95.

Institutional Investors Weigh In On Alpha Architect U.S. Quantitative Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF in the first quarter valued at approximately $58,000. Opal Capital LLC bought a new position in Alpha Architect U.S. Quantitative Momentum ETF in the 4th quarter valued at $300,000. Sankala Group LLC purchased a new position in shares of Alpha Architect U.S. Quantitative Momentum ETF during the 4th quarter valued at $650,000. Baker Boyer National Bank increased its holdings in shares of Alpha Architect U.S. Quantitative Momentum ETF by 1.2% in the fourth quarter. Baker Boyer National Bank now owns 17,193 shares of the company’s stock worth $1,123,000 after purchasing an additional 199 shares during the period. Finally, Stillwater Private Wealth LLC purchased a new stake in shares of Alpha Architect U.S. Quantitative Momentum ETF in the first quarter worth $1,420,000.

About Alpha Architect U.S. Quantitative Momentum ETF

The Alpha Architect U.S. Quantitative Momentum ETF (QMOM) is an exchange-traded fund that is based on the QMOM-US – No underlying index. The fund is an active, equal-weighted portfolio of US stocks, screened for their strong and consistent momentum. QMOM was launched on Dec 2, 2015 and is issued by Alpha Architect.